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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (6794)4/3/1997 10:54:00 PM
From: Rich Gottlieb   of 58727
 
Kevin,

Closed out my INTC 4/135Calls today about 3:45 @7.50. Bought early
yesterday for 6.25. Was getting very anxious all day with stock not
moving much, stayed up 1.50 much of the day, needed it to hit 139
to make trade worthwhile, and the all of a sudden it ran up 3.50
and I found I couldn,t type in my order to sell fast enough. Kept making
mistakes and had to redo a couple of times.

Anyway, don't know what tomorrow may bring so I'm happy with a 20%
profit.

Any thoughts on WDC as a call candidate? PE of 17, closed at 61.75
today, up 1 5/8, inverted H&S in March???, traded 1.5 mill shares
today. Stock is at low end of trading range and seems as tho' it's
in the right sector to be in now.

I'd really appreciate your input. I'M SO CONFUSED!!!!

Rich

PS: Bought MSFT Apr 95 Puts this afternoon at 4 1/4, stock at 93 3/4,
thought I stole them until 3:30PM. We shall see.

How's things in NYC? Was born and raised in Westchester until I moved
to Vermont in 1988. Have no desire to ever go back. Now, if there
are three cars at our one traffic lite, people complain about the
traffic jam in town. Anyway.... Thanks for the help.
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